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Do you think that cost of labor has any connection to prices, which , in aggregate, creates the cost of living in any particular place? In other words: higher
by ja30278 17y ago
Do you think that cost of labor has any connection to prices, which , in aggregate, creates the cost of living in any particular place?
In other words: higher minimum wage = higher prices = higher 'cost of living'
As a thought experiment, would you support making the minimum wage $1000/hr. If not, why not?
Honestly, the concept of a 'minimum wage' is one of the stupidest things I can imagine.
- ippisl 17y agoIt all depends on the job and how labor intensive it is. For many jobs that are not labor intensive , reducing wages below won't make a huge difference , but for those who wok for this jobs , it will make a huge difference.